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37 Cards in this Set

  • Front
  • Back
In an auto insurance limits of 50/100/25 means


50 bodily injury per person




100 bodily injury per occurrence




25 property damage per occurrence

A client negligently causes an accident resulting in BI and PD to the maximum of his policy limits which are 30/60/20. If defense cost in a resulting lawsuit are $8,000 the insurer will pay

$88,000
Under coverage D, Damage to your Auto other than collision covers

Floods
Flood is excluded on _______________ insurance

Fire Insurance
_____________ is not covered while driving the inured auto on a PAP

Auto Mechanic test driving his car

A mechanic is covered to drive others cars by the repair shops

Garage Liability Policy

Coverage on a PAP when there is theft


$20 per day up to $600 for transportation expenses starting 48 hours after the theft




No deductible

Another driver dents a cars fender and drives off is an example of __________ ____________ under a


PAP


Collision Loss
Classification tables based on the Law of Large Numbers are used by all insurance companies to set base rates for auto policies. The use


age, gender and territory




occupation is for life insurance


Covers injuries caused by hit and run drivers

Uninsured Motorist Coverage

Under the business Auto Coverage form mobile equipment may be

covered for liability while being towed
The medical payments section of an Auto policy excludes

persons in an auto with which the insured collided
Persons in another car that are negligently isured are covered under the insured's

Bodily Injury Liability Coverage
Insured who rents a private garage backs in and damages the garage covered by

Liability Insurance under a Personal Auto policy
Under the supplementary payments of a Personal Auto policy if an insured has to take off from work to attend a hearing the policy pays how much for his earnings

Up to $200 per day
The Uninsured Motorists coverage of a Personal Auto Policy excludes coverage of an accident
with a driver who carries the minimum liability limits required by law, but whose insurance is not adequate to cover the damages

Towing and labor coverage on a PAP is


an option coverage for an extra fee
The appraisal clause under Part D of a PAP Coverage for damage to your Auto

The expenses of the appraisal are shared among both parties

A real estate agent who drives customers around in her own care would most likely

add business use to her Personal auto policy


Barry is injured in an accident caused by another driver, whose insurance does not completely cover the injuries and damage to his car. His policy includes UIM (Underinsured)




The result is


his insurance pays the remainder up to the limits of his policy, after the other drivers policy limits are exhausted

The named non-owner coverage endorsement is used to provide Personal Auto insurance for

someone who does not own an automobile but who drives borrowed or rented autos

Michelle borrows Lisa's car and causes an accident while driving it. What insurance applies


Lisa's policy applies first and Michelle


applies to any excess


An eligible auto on the Personal auto policy is a


Private passenger vehicle (4 wheels)




Pickup truck




Vehicles up to 10,000 GVW


On a PAP a deductible applies to
Damage to your Auto

Which coverage usually has no deductible

Liability Coverage
Damage to your car with includes collision or comprehensive pays the

ACV of the car
A ___________ would not be considered a covered auto on the PAP

motor home rented by the insured to go on vacation
_________ equipment is not covered as auto under the Business Auto Coverage

Mobile


Under a Business Auto Coverage Part, the


"Drive Other Car" endorsement is used to cover


the non-business auto liability exposures to named individuals

Garage Liability is broader than business auto liability because it

covers premises, products and completed operations liability
The name of the bailee-type coverage that provides legal liability for damage to customers autos that are left with the insured for servicing, repair or stores is called

Garage Keepers Legal Liability Coverage
Pollution Liability is covered under a Business Auto Policy

when the pollution results from a covered accident
Regarding Business Auto coverage what may be optional coverage's

Medical and UM coverage
Under the Motor Carrier Act what is the limit of liability required for hauling hazardous materials
$5,000,000
If a commercial common carrier is hauling property across state lines, the federal high administration under the terms of the Motor Carrier act will require proof of financial responsibility

MCS-90 filing

Which endorsement provides coverage for 2 related but unmarried individuals

Joint Ownership Coverage

Sam is driving his own car on behalf of his employer, which endorsement is necessary in order for the commercial auto policy of the employer to cover Sam for damages caused in an accident

Employees as additional insured's